Latest News Articles

Middlesex 3 Welcomes 3 New Members to the Coalition!

SAK Environmental 

– SAK Environmental is “mission-focused” to help solve today’s complex environmental challenges facing clients, and that requires collaboration – within and outside our organization.  How do we collaborate? By broadly training our staff to better understand and communicate with other experts we may work with such as design engineers, construction managers, facilities managers, government, and manufacturing.  The result is new ideas and cost effective solutions.

Solving today’s environmental challenges demands new ideas, because environmental considerations are woven into every aspect of economic activity.  Where do new ideas come from? They come from fully understanding a client’s risk tolerance, testing regulatory assumptions, and applying technologies that make sense.  SAK Environmental’s new ideas have helped our clients minimize disposal costs, reduce their carbon footprint, and secure operating permits that enable business growth.

Anderson Strategic Advisors LLC

– Anderson Strategic Advisors, LLC is a Boston area economic development and government relations firm that specializes in forging efficient and productive relationships between business and government. Our mission is to provide high quality, value-add services that enable businesses to work with governments in the most effective and efficient way.
Anderson offers expertise in business incentive programs and infrastructure financing tools, economic development strategy, land use planning and permitting, and government relations.

Anderson helps its clients to identify solutions and opportunities, generate road maps to achieving goals, and implement strategies that deliver tangible results. With our assistance, Anderson clients are able to access public financing and incentives programs, save countless hours navigating government hurdles and red tape, and manage government relationships most effectively.

FDE Hydro 

FDE Hydro is advancing the North American water infrastructure industry by developing innovative technologies for the next-generation hydro run of the river dams, modular prestress concrete power house facilities, pump storage civil structures, reservoir and water control systems and retrofit of existing high hazard dams, modular aquatic animal passage systems.

FDE Hydro Introduces Modular Precast Concrete Scalable Technology for Construction & Retrofit of Hydro and Water Control Systems. FDE Hydro owns exclusive IP rights to all of North America regarding civil water infrastructure solutions.

The “French Dam” is a patented next generation Precast Modular Construction and Retrofit technology for building new and refurbishment of existing small and medium head hydro electric and water control dams.

With assistance from the U.S. Department of Energy, FDE Hydro fabricated, demonstrated and validated the proof of concept of its patented (“French Dam”) modular precast water control structure in 2016.

The company estimates this technology can reduce civil construction and maintenance costs by up to 60%, shorten duration of construction by 50% and mitigate most risks associated with “cast-in-place” traditional construction methods which gives the developer a much faster ROI.

FDE Hydro has agreements with the top precast manufacturing innovators that gives FDE Hydro a supply chain of precast and pre-stress manufacturing covering all of North America.

Middlesex 3 Members McMahon Associates, Inc. Merges with Bowman Company.

Bowman expects the McMahon acquisition to initially contribute approximately $28 million of annualized transportation infrastructure-related net service billing and be immediately accretive. Structured as a stock purchase with a joint election under Section 338(h)(10) of the Internal Revenue Code, the $18.5 million acquisition price was financed with a combination of cash, seller notes and approximately 477,000 shares of restricted common stock of Bowman subject to a six-month lock-up agreement. Determination of the final acquisition cost is subject to customary post-closing purchase price accounting. 

“McMahon is well respected throughout the transportation field and will be an outstanding addition to our firm,” said Gary Bowman, CEO of Bowman. “Their leadership and team of consummate professionals bring tremendous value to our staff, our clients and our shareholders. As we have gotten to know McMahon’s business, we have become highly confident that this complementary combination will have a long-term positive impact that will be much greater than the sum of the parts.”

“The array of transportation services we can collectively provide our clients will continue to grow as client needs dictate, while we continue to deliver on our commitment to personalized attention on every project,” added Bowman. “The addition of McMahon will provide a broad platform from which to continue growing our share of the transportation market throughout the nation. We are just getting started on our 2022 acquisition program and I am pleased that we continue to deliver on our commitment to strategic growth initiative in such a meaningful way. Everyone at Bowman joins me in welcoming the employees, clients and business partners of McMahon.”

“For over 45 years, McMahon has specialized in delivering forward-looking transportation, planning, engineering and technology solutions to our clients”, said Joseph DeSantis, President and CEO of McMahon. “Our success is the result of the commitment and dedication of our employees, many of whom have been with the firm for most of their professional careers. Bowman is a well-established and culturally compatible firm with services that are complementary to ours. By joining up with Bowman we gain access to new resources and technologies that allow for an even greater investment in the delivery of innovative transportation solutions to our clients while continuing to offer the same personal attention and trusted relationships our clients have come to expect from us.”

“This partnership between McMahon and Bowman highlights the alignment of our cultures, our focus on growth and opportunity for our people, and our combined entrepreneurial spirit,” added DeSantis.  “McMahon has always been thankful for our clients and committed to contributing to our communities. We look forward to continuing in this fashion with Bowman’s first-rate organization.”

“This is our second acquisition in 2022 and is a significant step toward our stated goal of acquiring $75 million of annualized net revenue this year,” said Bruce Labovitz, Bowman’s CFO. “The addition of McMahon nearly triples our transportation infrastructure business which will, over time, meaningfully impact our composition of revenue by market. While the acquisition is within our target multiple range, we believe McMahon’s operating margins will benefit from being part of Bowman and ultimately improve the effective multiple. As is our practice, we will provide more detailed information on our M&A activities and communicate updates to guidance in connection with scheduled quarterly communications.”

About McMahon Associates, Inc.

Since 1976, McMahon has specialized in delivering a broad array of innovative transportation planning and engineering services to private and public sector clients. The firm has built trusted and lasting relationships by surpassing the expectations of its clients. With over 200 dedicated professionals working out of 15 offices throughout the East Coast, McMahon has the talent, experience, and expertise to take on any transportation challenge. Additional information on McMahon, its team, and its projects can be found at mcmahonassociates.com.

Middlesex 3 Welcomes Northern Bank, Avison Young and Camber Development to the Coalition!

Northern Bank

“At Northern Bank, we believe that helping entrepreneurs build a successful business helps build a stronger, more vital community for us all. That’s a philosophy we’ve put into practice for over 60 years.

Our business was founded and built by entrepreneurs, who when they discovered a traditional bank wouldn’t lend them money, decided to start a bank of their own — a bank that would support the entrepreneurial spirit of the community. A bank designed to help individuals realize their personal dreams and entrepreneurs help their businesses grow.”

Avison Young

“Avison Young creates economic, social and environmental value as a global real estate advisor, powered by people.

At Avison Young, we believe in creating positive impact wherever we go.

There is a vital role for commercial real estate to create healthy, productive workplaces for employees, cities that are centres of prosperity for its citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Our nimble, agile team has global insight, local market expertise and access to some of the smartest technology in the commercial real estate industry – all at the ready to work on creating your competitive advantage. As a private company, you will collaborate with an empowered partner who is invested in your success as much as you are.”

Camber Development

“Rooted in local expertise and relationships, and backed by institutional capital and partnerships, Camber brings an innovative mindset to traditional assets to improve building functionality and connection to, and between, the companies and employees that occupy them.  

We own and operate our properties, re-leasing and repositioning as appropriate, with the intention of establishing strong relationships with our customers and attracting new innovative companies to our portfolio.   

Camber is actively seeking properties in the Greater Boston area. In addition to existing buildings, we are pursuing development and re-development opportunities for potential life science and industrial uses. We believe partnerships create better outcomes and we are flexible related to transaction structuring with sellers of properties and potential joint venture partners.”

MassEcon: VIDEO SERIES PROMOTING MASSACHUSETTS REGIONS AS HOTSPOTS FOR BUSINESS GROWTH

Northeast Massachusetts, regional, and statewide videos showcase advantages of working and living throughout the Commonwealth 

WATERTOWN, MA – MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, today announced the release of a video series promoting Massachusetts as a place to work and do business.  The videos focus on the five regions of Massachusetts — Northeast, Greater Boston, Southeast, Central, and West — and Massachusetts as a whole.  

Click here to view each region and watch the videos, and click here to watch the statewide video.  

“In no uncertain terms, Massachusetts is a premier location for some of the most significant industries of our age and its regions provide unique opportunities to excel for employers and talented workers alike,” said Peter Abair, Executive Director of MassEcon. “While we are very self-critical in Massachusetts, our state is nonetheless an extraordinary place to live and to do business, offering an exceptional workforce and high quality-of-life.” 

MassEcon developed the videos with support from the Massachusetts Executive Office of Housing and Economic Development through a Regional Economic Development Organization grant administered by the Middlesex3 Coalition. Each video highlights the advantages of a specific region, showcasing it as a business location as well as a destination for talented workers to pursue a career and families to settle. The promotions will be released in multiple phases with a focus on a variety of audiences. 

“Massachusetts is home to an unparalleled ecosystem of industry, academia, and talent that provides the right environment for companies to thrive,” said Housing and Economic Development Secretary Mike Kennealy. “MassEcon continues to be a valuable partner helping the Commonwealth put our best foot forward showcasing Massachusetts as the best place to do business.” 

The videos were developed after receiving input from national and global site selection consultants and in consultation with MassEcon’s many regional partners throughout the state. Regional partners include Western Mass EDC, Town of Chelmsford, Middlesex3 Coalition, Merrimack Valley Chamber of Commerce, Worcester Regional Chamber of Commerce, Visit North Central Mass, Town of Mansfield, MetroSouth Chamber of Commerce, and the South Shore Chamber of Commerce. Path8 Productions produced the videos, and Lauren Perna Communications is helping promote them.  

Later this month, MassEcon will be launching videos that highlight the thriving industries across the Commonwealth.  

About MassEconMassEcon’s mission is to promote and champion Massachusetts as the best place to start, grow and locate a business. Built upon a robust network of corporate and civic members, MassEcon convenes public and private sector leaders of industry to create an inclusive business ecosystem that enhances job growth across a diverse talent pool; promotes investment in all communities; expands equitable opportunities throughout the Commonwealth.  

CONTACT:     

ANNIE O’CONNELL, COMMUNICATIONS DIRECTOR 

AOCONNELL@MASSECON.COM 

Middlesex 3 in the News

Middlesex 3 “What’s Happening in Bedford” event was published in News Break,  a regional local news aggregator. After being publsihed in The Bedford Citizen 

Some quotes from the article,  Anchor Line Partners General Manager DeAnna Murphy said, “Bedford has done a wonderful job in setting the stage for a biotech boom,” she asserted last week at an in-person gathering sponsored by the Middlesex 3 Coalition. “Crosby Drive feels important. It feels smart – four lanes with sidewalks on both sides and lab clusters. This corridor is great.”

Stephanie Cronin, executive director, told the audience of more than 40 that the event was designed as “a casual conversation,” a format that she said has proven to be “more meaningful and authentic.”

“What’s Going on in Bedford” was all good news, delivered by real estate owners, a tenant, employers and other business representatives, and town government

Read more Here

MA State House

Updates from the State House

OUTDOOR DINING & “TO-GO” COCKTAILS

Earlier last month, the Governor signed a FY22 supplemental budget that extends outdoor dining and “to go cocktails” provisions to April 1, 2023. I know this topic has been on our collective minds for some months, so I did want to offer this update as we all gear up for the summer season.

SMALL BUSINESS WEEK

Small Business Week is May 1-7, 2022! This year, SBA will hold a 4-day virtual summit – folks can register here. In addition, SBA will hold an in-person breakfast to celebrate the National Small Business Week Awards – register here.

Finally, SBA has announced its 2022 THRIVE Emerging Leaders Reimagined program. This 6-month intensive program helps CEOs and Executives get unstuck and take their business to the next level. Participants will learn leadership skills through an MBA-level curriculum, receive tailored business coaching, and build relationships with a community of business owners, advisors, and experts. Learn more here.

WORKFORCE ROAD SHOWS

This week, we kicked off the Regional Workforce Road Shows at Keefe Technical High School and Bridgewater State University. It’s not too late for employers to register for these sessions! Register or pre-register here. We look forward to seeing you out “on the road.”